Before you talk to the Suits…

Assess your Finance-Ability!

If you need money to grow your business, we want you to know you’ve got financing options. Let us put controlling your money back into your hands.

Answer 25 multiple choice questions, and we’ll tell you if you should bootstrap, borrow, or bet to find the cash your business needs.

BONUS: Once you complete the quiz, you’ll get access to our free membership site, where you can find more details about your assessment as well as personalized tips and resources.

Financial Assessment Tool
You must select at least one answer before advancing.
What is my current business model?
A

Business to Business

B

Business to Consumer

What is the best description of how I will market my product?
A

Disruptive (Create a new category of demand)

B

Quality / Premium Product or Service (Higher Quality and Price)

C

Service Advantage (Same price with better service)

D

Price competition only (lower price)

What is the best description of how many buyers choose my product (versus competitors) within my current market?
A

Less than 1%

B

Less than 5%

C

Less than 15%

D

Greater than 15%

What is the best description of my potential market?
A

Fewer than 10,000 customers worldwide

B

Between 10,000 and 1,000,000 customers worldwide

C

Between 1,000,000 and 5,000,000 customers worldwide

D

Greater than 5,000,000 customers worldwide

A

Fewer than 5,000 customers worldwide

B

Between 5,000 and 25,000 customers worldwide

C

Between 25,000 and 100,000 customers worldwide

D

Greater than 100,000 customers worldwide

Once my product is available, how many units will I sell per year (on average)?
A

Fewer than 1,000

B

1,000 to 50,000

C

50,000 to 250,000

D

Greater than 250,000

What is the best description of my outlook for the future of my company?
A

I'll see when I get there.

B

I'm cautiously optimistic.

C

I'm developing the systems and processes I need for the next level.

D

I'm ready to go; I just need to ramp up sales, resources, production, etc.

When I'm ready to step away from my company, I plan to:
A

Close the doors and live off my savings.

B

Give the business away (such as to a child or grandchild).

C

Continue taking income from the business while remaining involved.

D

Sell my business to someone else without remaining involved in the operations.

My goal for my role within the company is to:
A

I don't know yet.

B

Work full time in my business all the time.

C

Get to break-even, then hire employees.

D

Develop the product or service, then hire employees.

The biggest problem I'm facing right now is:
A

Resources (money, materials or people)

B

Producing enough, quality, or delivery

C

Getting enough paying customers

D

Getting a product that works

What is the best description of my experience as an owner?
A

First Time Owner / First Start-Up

B

Been a part of a start up team

C

Been a part of multiple start-ups

D

Built and sold more than 1 start-up

My management team & I have solid experience in (check all that apply):
A

Marketing & Sales

B

Research & Development

C

Production

D

Finance / Legal / Human Resources

I want to hire people to work with me:
A

Never - I like doing everything myself

B

Maybe once I can't do any more

C

Once I have enough business to ensure that it is sustainable

D

As soon as I have enough to pay them

In previous jobs, the biggest team I managed was:
A

Myself

B

Fewer than five people

C

Around 25 people

D

50 people or greater

What is the best description of my CURRENT production process?
A

Artisanal: I start from scratch or create custom/hand-made items

B

Manual: With well-defined roles that can be done by multiple people

C

Semi-Automated

D

Fully Automated or Subcontracted

What is the best description of my EXPECTED production process when I am at stable sales?
A

Artisanal: I start from scratch or create custom/hand-made items

B

Manual: With well-defined roles that can be done by multiple people

C

Semi-Automated

D

Fully Automated or Subcontracted

What is the best description of my production costs?
A

I have a hard time predicting or calculating how much each unit sold costs

B

It usually costs me about the same amount to manfacture each product or service

C

Production costs are very stable

D

I am making changes to reduce my production costs, such as sub-contracting or redesigning processes

If production was stopped due to natural disaster or other external forces:
A

I'd be scrambling to get things produced / I wouldn't know what to do.

B

I'd know what I would need to do, but it would take me a while to get it done.

C

My team/suppliers would know what to do because we have already talked about it.

D

My team and I would follow the written disaster plan.

What are my current credit scores (business & personal)?
A

Excellent

B

Good

C

Average

D

Poor

What is my current operating situation?
A

Not yet or barely breaking even.

B

Generating enough sales to consistently cover expenses.

C

Profits are more than 5% of sales.

D

Profits are more than 10% of sales.

I need funding of no more than:
A

I don't know

B

<250k

C

<1M

D

>2M

The money I'm looking for will be spent on (check all that apply):
A

Hard Assets

B

Advertising & Marketing

C

New Hires

D

Paying off Existing Debt or Buying Out Partners

How closely did my last annual profits or losses match my last annual budget?
A

I don't have/don't compare actuals to an annual budget

B

My actual profit was over/under what I expected by more than 25%

C

My actual profit was within 10% of what I expected

D

I hit my budget dead on

My company has the following (check all that apply):
A

Written procedures for key repetitive tasks (processing client orders, preparing shipments, etc.)

B

Clear rules about who can buy certain item & how much anyone can spend without prior approval

C

An employee handbook that includes info about company holidays, work schedules, harrassment and performance reviews

D

None of the Above

If I got hit by a bus tomorrow, my company:
A

Couldn't survive without me

B

Would face some rough times, but would pull through

C

Would continue to grow thanks to my partners, board members, or key employees

D

Wouldn't be affected on a purely operational level (of course they would miss me!)

I currently track and analyze (check all that apply):
A

Sales by customer, product or service

B

Production costs by batch or product type

C

Expenses over budget

D

None of the Above

Beginning
Previous
Next